Northern Mining Explorations of Amos, Que., plans to raise up to $1 million through a new limited partnership, Societe en Commandite Isle-Dieu Matagami, the company reports. J. J. Martel, executive vice- president, reports that most of the funds will be spent near Matagami on the company’s gold properties, enlarged this year by about 800 acres, including two new claims to the north and most of Dunlop Bay.
The company has also acquired, for the cost of staking, 44 mining claims in Quevillon Twp., north of Senneterre and near the main railway line between Senneterre and Chapais-Chibougamau. This new property covers some 1,750 acres and is located contiguous to the east and south of the Utah Mines gold property. A $150,000 exploration program has been drawn up for the Quevillon property.
Northern Mining is considering establishing a subsidiary to be responsible for the Fisher Gold, Landrienne and Quevillon properties.
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